bipartisan deal to reduce its deficit and lift its borrowing limit to avoid a default. The comments from People ' sBankofChinaGovernorZhouXiaochuan , posted on the central bank's website, signal China's lingering concern over America's financial

following the Fed's announcement. Criticism has also come from China, with the country's central bank head, ZhouXiaochuan saying that the Fed's move might hurt economies in the rest of the world. "There is a spill over," he said

change. Conversely, it will take China years to disconnect itself from the American consumer market. In the spring, ZhouXiaochuan , the governor of the Chinese central bank, forcefully argued that the US dollar be replaced as the dominant reserve

We need to be aware of the difficulties and should not be over-idealistic," central banker ZhouXiaochuan , head of the People ' sBankofChina , said in a July 3 speech. But reorienting China's producers to serve local consumers rather

boost the resources of the International Monetary Fund, which oversees the global financial system. Central Bank GovernorZhouXiaochuan made headlines in capitals around the world with his proposal for a new global reserve currency in international

Geithner also stirred up currency markets today when he responded to calls by the head of China's central bank, ZhouXiaochuan , for a new global reserve currency . Geithner, in remarks at the Council on Foreign Relations in New York, said

crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov . ZhouXiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global

in finance when leaders of the Group of 20 major economies meet April 2 in London to discuss the global crisis. Gov . ZhouXiaochuan 's essay did not mention the dollar by name but said the crisis showed the dangers of relying on one nation's

dollar-denominated assets such as U.S. Treasuries, and officials aren't happy about the U.S. currency's decline. ZhouXiaochuan , head of China's central bank, urged U.S. Treasury Secretary Henry Paulson on Thursday to boost the dollar, according